Amid the OpenAI chaos, here's a refresher on Sam Altman's crypto project: Worldcoin

Chain Reaction

For this week’s episode, we're re-sharing Jacquelyn's conversation with Tiago Sada, head of product for Tools for Humanity and core contributor to Worldcoin, at TechCrunch’s Disrupt 2023 in San Francisco. The saga behind Sam Altman’s departure from OpenAI has been a whirlwind, but his involvement in his crypto project Tools for Humanity, the team building Worldcoin, is uninterrupted, a source close to the matter told TechCrunch. Given that OpenAI is the talk of the town this week — we thought it would be a great idea to resurface this episode to give listeners a refresher on Worldcoin.

In this conversation we cover we talk about Tools for Humanity, which is the team building Worldcoin, raised $115 million in a Series C round back in May with investors like Blockchain Capital, a16z, Bain Capital Crypto and Distributed Global. In March 2022, Worldcoin raised $100 million at a $3 billion valuation.

The project was co-founded by OpenAI CEO Sam Altman with a three part mission to create a global ID, a global currency and an app that enables payments, purchases and transfers with its token.

Worldcoin has been on a world tour since April, hitting major cities like Tokyo, Miami, New York City and San Francisco. It has also set up shop in major cities in countries like Kenya, India and China.

We dive into why someone would scan their eyes, alternate options and privacy concerns some skeptics have about the project.

We also talked about:

• Global adoption of Worldcoin
• Kenya 'indefinitely’’ pausing Worldcoin iris scans
• Projects’ biggest challenges for growth
• How AI can fit into Worldcoin
• Future opportunities and roadmaps

Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.